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White House Isn't Paying Attention to
Americans Getting Their Retirement Plans
Wiped Out

Original Article

Posted By: DW626, 5/19/2022 7:13:07 AM

The stock market took a steep nosedive Wednesday and the Dow Jones Industrial Average plummeted by nearly 1200 points. Americans across the country are watching their retirement savings, specifically, 401k plans, get wiped out. "The Dow Jones Industrial Average headed for its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors' worst fears over rising inflation and rekindling the brutal 2022 sell-off," CNBC reports.


Thank heavens we’re not subjected to all those mean tweets.

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Reply 1 - Posted by: Rich323 5/19/2022 7:40:27 AM (No. 1159731)
Futures for today are all down except Russian and Chinese markets. Who would have guessed that!
14 people like this.

Reply 2 - Posted by: Muguy 5/19/2022 7:47:50 AM (No. 1159737)
On the CONTRARY, the entire plan is to either RUIN or CONFISCATE retirement savings and put EVERYONE on the GOVERNMENT retirement plan! They have PLANNED this strategy for years! Once everyone is financially broken everyone will owe their very existence to the government Leviathan of a handfull of demonrat socialist Marxists under the protection of NoBama and his associates. It sounds too fantastic to believe, but don't kid yourself-- it is in progress right now.... these people are CREATING another GREAT DEPRESSION to take control of people.
25 people like this.

Reply 3 - Posted by: Bur Oak 5/19/2022 7:48:25 AM (No. 1159738)
Paying attention, it is part of the plan. It has been for years with zero interest rates. Washington needs a populace beholden to them.
12 people like this.

Reply 4 - Posted by: BeatleJeff 5/19/2022 8:10:28 AM (No. 1159759)
Just goes to show what a bunch of a***oles this administration is. They don't care who gets hurt as long as they get through their objectives.
15 people like this.

Reply 5 - Posted by: Hugh Akston 5/19/2022 8:30:57 AM (No. 1159783)
It's all Cloward-Piven, the entire spectrum of events.
15 people like this.

Reply 6 - Posted by: voxpopuli 5/19/2022 8:34:51 AM (No. 1159791)
Well I hope the communists running the show have good inside information so THEY don't lose THEIR assets.. also helps to have a few billion transfered from their Chinese, Ukraine or Venezuela comrades..
6 people like this.

Reply 7 - Posted by: Avikingman 5/19/2022 8:45:21 AM (No. 1159802)
Stolen elections have consequences.
12 people like this.

Reply 8 - Posted by: Krause 5/19/2022 8:59:43 AM (No. 1159818)
The Biden double whammy. Middle class retirement funds getting killed. Plus they have to pay 10-30% for everything they need to buy. And Hillary said that that Joe is ‘doing a very good job.’
9 people like this.

Reply 9 - Posted by: Rinktum 5/19/2022 9:12:43 AM (No. 1159842)
Agree with posters #7 & #5. If you believe this is all being done by a series of terrible coincidences, you are a fool. This is a strategy that was plotted and planned and put into place when Obama was elected. Hillary was to continue the destruction. However, Trump intervened and it set off the nuclear hatred toward him for daring to represent the will of the people. Democrats have been on a tear since he came down the escalator and they are by no means finished with him or us. He is correct when he says that these despicable anti-American zealots hate us, and that he is just in the way. President Trump has been the leader we have needed to wrench power out of the hands of the wretched communists who just will not let go regardless of the will of the people. If they are not defeated, be prepared to repeat the history of every country that has ever fallen into communist hands. Think it could never happen here? Just look at what we have lost since January 2021. Biden’s first day in office began the destruction. Energy independence was the first victim and that has caused a chain reaction. Now look where we are. It was a coup.
16 people like this.

Reply 10 - Posted by: bpl40 5/19/2022 9:17:31 AM (No. 1159851)
If you think these are the ebbs and flows of a natural economic phenomenon, then you also perhaps believe Biden/Harris won 81 million legal votes. Trapping the middle class in a dual pincer of ruined savings on one side and inflation on the other has been 0bama/Soros the plan all along. Then the middle class will have nowhere to turn but handouts given by the Uniparty state. Wake up now! A long rope and a lamp post maybe the only option left to you!
11 people like this.

Reply 11 - Posted by: MDConservative 5/19/2022 9:19:17 AM (No. 1159854)
No one objects much when the market is hyped by ultra-low interest rates and "stimulus". Government overheats the economy on a regular basis, to avoid any signs of recession, each of which is politically the worst since the Great Depression. So the Fed maintains a 3 to 4 percent inflation annually as the trickle and Congress spends huge deficits to spread even more around. It was $10 TRILLION (some estimate more) in the last two years of PDT, and a couple more TRILLION since Joe took office...and one wonders from whence inflation rates up to 10 percent came. Stand by for years of this unless the Fed is willing to crash the economy in a hurry...hoping for a "soft landing".
4 people like this.

Reply 12 - Posted by: BarryNo 5/19/2022 9:22:05 AM (No. 1159856)
There is a distinct difference between "inattentiveness", "ignoring", and "enabling". I think the latter is more descriptive.
4 people like this.

Reply 13 - Posted by: Anti_democRAT 5/19/2022 10:51:12 AM (No. 1159970)
Its not the market. We knew this was coming and got out. Its the inflation. Nothing a law abiding retiree can do to hedge that.
3 people like this.

Reply 14 - Posted by: jacksin5 5/19/2022 11:11:44 AM (No. 1159993)
When you put a Marxist spin on the Jimmy Carter Administration, this is what you end up with.
4 people like this.

Reply 15 - Posted by: DVC 5/19/2022 11:50:29 AM (No. 1160028)
They want you on the government dole. All efforts to be free and independent will be crushed.
7 people like this.

Reply 16 - Posted by: question_complexity 5/19/2022 1:52:26 PM (No. 1160136)
According to the Dems, if you have a 401(k), it just means that you are one of the wealthy people who are not paying their fair share.
4 people like this.

Reply 17 - Posted by: UncleBuck 5/20/2022 1:43:02 PM (No. 1161056)
So one of the benefits this lousy stock market will create is that many retirees will begin drawing social security earlier than they had previously projected. Market won't be bouncing back anytime soon - just more drops! This will exasperate the social security system, currently estimated to remain solvent until 2034 - not far off. That's when trust fund reserves are projected to become exhausted. The damage being done by Biden Admin will only worsen over the next 2 years, and resonate in many sectors for decades after he's gone. Benefits of stolen elections just keep giving & giving,
3 people like this.

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